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132 Mcfarland Street Georgetown, TX 78628

4 Beds 2 Baths 1,567 sqft Built 2019

$264,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $169.11
  • 3 Days on Market
  • MLS # : 9520832
  • Updated Date : 11/28/2020 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Real Broker Llc

Listing Agent's Description

Seriously.. Don't take too long or you WILL miss out!! Just 1 Yr Old single owner barely lived in REAL GEM!! This updated home boast 4 beds 2 baths. Upgraded cabinets, granite, and great storage too, OPEN floorplan and extended Covered patio. Window treatments PLUS Fridge. Move-in Ready. Some furniture negotiable! Call for details.

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)
  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)
  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.

PRICE & RENT TRENDS

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$238,491$291,489$264,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$978
Property Tax -$535
Property Insurance -$115
HOA -$25
Property Management Fees -$142
CASH FLOW
-$16

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$264,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,222

INVESTMENT

$72,222

Down Payment
$66,248
Rehab Estimate
$2,000
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,248
Loan Amount $198,743
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,946

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,780

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,7504$1,7805$1,895
$1,895
RENT COMPS ANALYSIS
  • 132 Mcfarland Street Georgetown, TX 4
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.14
    •  
  • 109 Kavanaugh Street Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2017
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 148 Mcfarland Street Georgetown, TX 2
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 200 Oakstone Dr Georgetown, TX 3
    • 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2019
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 609 Vaughn St Georgetown, TX 5
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 2019
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Megan Smith
1.512.884.7030
Real Broker Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9520832
Last Updated: 11/28/2020
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